Private Advisor Group LLC Has $2.90 Million Holdings in Fiserv Inc (FISV)

Private Advisor Group LLC raised its stake in shares of Fiserv Inc (NASDAQ:FISV) by 31.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 35,199 shares of the business services provider’s stock after purchasing an additional 8,493 shares during the period. Private Advisor Group LLC’s holdings in Fiserv were worth $2,900,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of Stockton boosted its stake in Fiserv by 4.5% during the 3rd quarter. Bank of Stockton now owns 15,268 shares of the business services provider’s stock valued at $1,257,000 after purchasing an additional 655 shares during the last quarter. Arrow Financial Corp boosted its stake in Fiserv by 15.3% during the 3rd quarter. Arrow Financial Corp now owns 4,935 shares of the business services provider’s stock valued at $407,000 after purchasing an additional 655 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Fiserv by 0.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 74,606 shares of the business services provider’s stock valued at $6,146,000 after purchasing an additional 702 shares during the last quarter. BancorpSouth Bank boosted its stake in Fiserv by 4.5% during the 3rd quarter. BancorpSouth Bank now owns 16,914 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 732 shares during the last quarter. Finally, Nicollet Investment Management Inc. lifted its position in shares of Fiserv by 2.3% during the 2nd quarter. Nicollet Investment Management Inc. now owns 33,600 shares of the business services provider’s stock worth $2,489,000 after buying an additional 750 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Fiserv stock opened at $80.24 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.81. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 2.20 and a beta of 0.79. Fiserv Inc has a 52 week low of $62.76 and a 52 week high of $82.79.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.44 billion. Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. As a group, sell-side analysts expect that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.

Several equities analysts have commented on FISV shares. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Robert W. Baird lifted their target price on shares of Fiserv from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, September 24th. Argus set a $90.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Finally, JPMorgan Chase & Co. cut shares of Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 target price on the stock. in a research report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Fiserv has an average rating of “Hold” and an average target price of $78.82.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $79.72, for a total value of $3,986,000.00. Following the sale, the insider now owns 418,380 shares of the company’s stock, valued at approximately $33,353,253.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 150,000 shares of company stock worth $11,864,000 in the last ninety days. 1.80% of the stock is currently owned by insiders.

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About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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